Some states are known for having the largest
average tax refunds, so depending on where you live, your refund can go far when paying for life insurance premiums.
It was not so many years ago that
the average tax refund was under $ 500.
«Seventy - three percent of tax filers receive
an average tax refund on the order of $ 3,000» — and for some 40 percent of families «this is the single largest cash infusion of the entire year.»
In fact, last year
the average tax refund was $ 2,763, according to the IRS.
The average tax refund for 2015 was about $ 2,893.
In 2012,
the average tax refund payment was more than $ 2,800 according to the IRS.
Texas comes out on top with the highest
average tax refund for its residents.
With
an average tax refund of nearly $ 3,000 to use this year, many investors may want guidance on how to allocate these assets.
The average tax refund for 2013 was around $ 3,000.
In 2015,
the average tax refund was $ 3,120.
The average tax refund in 2016 was $ 2,860, and a recent survey by GOBankingRates found that the vast majority of Americans used it to pay debt or pad their savings.
Last year's
average tax refund was about $ 1,700, but this year's refund will be up to twice that for some.
The average tax refund is nearly $ 3,000 — use yours to get ahead of debt with these strategies from five people who paid off their... Read more
The average tax refund for Canadians in 1995 was $ 1,000.
Updated April 9, 2018:
The average tax refund for a single American was $ 3,050 in 2016, per Uncle Sam.
People are terrified of owing the IRS money, so much so that we'd rather overpay by thousands of dollars (
the average tax refund in 2015 was over $ 3,000).
The map below shows what percentage of a 3 % down payment is covered by
the average tax refund by taking into account the median price of homes sold by state.
The map below shows what percentage of a 3 % down payment is covered by
the average tax refund by taking into account the median price of homes soldby state.
In 2014,
the average tax refund for individual taxpayers was $ 3,034 according to the IRS.
With
the average tax refund around $ 3,000, it could be the difference that makes a home a reality sooner rather than later.
While
the average tax refund might not cover the down payment on the median price home, it certainly helps.
Not exact matches
Texas — which doesn't
tax earned income — had the highest
average federal
refund at $ 3,133.
The
average income
tax refund — $ 2,878 overall and $ 3,031 for those receiving the money via direct deposit, according to the IRS — could be a big help in your goal of knocking down that debt.
Average 2016 Federal
tax refund in CA based on data provided by the IRS.
Average 2016 State
tax refund in CA based on data provided by the State of California Franchise Tax Boa
tax refund in CA based on data provided by the State of California Franchise
Tax Boa
Tax Board.
Average 2016 Federal
tax refund in GA based on data provided by the IRS.
Average 2016 State
tax refund in GA based on data provided by the Georgia Department of Revenue.
Do your
taxes: Roughly three - quarters of the people who filed individual
tax returns in 2017 got a
tax refund, according to data from the IRS, and the
average refund was $ 2,782.
A standard bank is not designed to help the
average family, let alone those who are struggling with a hardship and need their
tax refund now.
Though he assumes a
tax refund of $ 600, well below the
average.
Federal
refunds averaged $ 2,850 per income -
tax return in 2014, the latest year for which data is available.
February signals the start of
tax season, a time when many Americans gain nearly $ 3,000 on
average in the form of a
tax refund, according to the IRS.
If, say, you received an
average of $ 3,000 in
tax refunds each year, and put it in an investment fund that gave you 8 % per year, you'd have well over a half million dollars at the end of 36 years.
You could invest your
tax refund, which on
average is $ 2,800, and have over five months of investing covered.
TIP: The
average credit card interest rate for 2010 - 2011 is 14.43 %, so it may be a good idea for you to use your
tax refund to pay off your credit card debt — you could realize a net gain of 14.43 %.
For example: if you owe $ 30,000 in loans, putting an extra $ 3,000 (the
average yearly
tax refund) towards the balance all at once would get you to the debt - free finish line a full two years faster.
On what Canadians are planning for their
average $ 1,400
tax refund, reasons for the Canada-U.S. price gap and why REITs are on the rise.
In light of minimal cash
tax payments /
refunds in the last few years, and further
tax planning, there may also be potential for a 50 % reduction in $ 38 M liability re West - Link payments from NRA -LRB-'til 2020)-- subject to an
average 3 year NPV.
According to Kiplinger.com, about 70 percent of all filers get
tax refunds and are anticipating a
tax refund averaging $ 2,200.
If you received the
average income
tax refund every year for the last five years, you'd have accumulated about $ 14,000 and change.
The IRS announced today that about 3,600 Montanans have an
average refund of $ 727 available to them if they file their 2013
tax refund before April 18, 2017.
Economist Robyn Allan calculated that in «the five years from 2009 - 2013 Trans Mountain paid an
average of $ 1.5 million a year in
tax, and received a
tax refund in two of them.»
Nearly 80 % of Americans will receive a
tax refund this season, with the
average refund hovering around $ 2,800.
Based on national
averages, there's a good chance your
tax refund will more than pay for your life insurance premiums every year.
«For the
average person, using a
tax refund to pay down outstanding unsecured higher - interest debts, like credit card debts, is a great way to use the extra cash,» he said.
According to data released by the Internal Revenue Service (IRS), Americans can expect an estimated
average refund of $ 2,840 this year when filing their
taxes.
Roughly seven out of 10 U.S. filers will receive a
tax refund, with the
average amount reaching around $ 2,800, according to the most recent IRS data.